Thailand has long been a favourite for tourists, yet in the past few years, more and more expats are making the move and relocating to the Land of Smiles. There are many reasons for this, which we outline in this short article.
Digital technology
Many professionals do their work online, and this means that they can live in any location and what better destination than Thailand, a tropical paradise that has much to offer? The arrival of 5G and the Internet of Things makes it much easier for people to have real-time video calls with people all over the world. Digital nomads include coders, computer engineers, app developers, online stores, consultant roles and many other professions that can be managed from any location. Thailand has a better IT infrastructure than many developed countries, and connectivity is very affordable.
Real estate investment
Purchasing a 3-bedroom condo unit at the River Condominium Bangkok would be a very wide long-term investment, which is also a perfect base for Southeast Asia. Digital nomads love Bangkok for many reasons, and investing in real estate is an obvious move for those who plan to stay. There are many areas in the city where luxury condo developments offer a range of units with all the amenities you would expect from a 5-star condo development.
Low cost of living
Thailand is far cheaper than Europe and the US, making it a very attractive destination for digital entrepreneurs and employees who work online. Immigration numbers in Thailand are rising exponentially, mainly due to the current economic depression in the West, combined with freezing winter temperatures. Professional people can live and work in Bangkok and manage to save money, which cannot be said when living in Europe or America.
Earning potential
Buying a condo in the heart of Bangkok is definitely a smart long-term investment, plus you can rent out the unit when you are abroad, which gives you a regular income. Living in your investment is killing two birds with one stone, and as time passes, the value will rise; signs are pointing to a sharp rise in real estate in the capital city and also at beach resort locations. Property rental markets are on the rise, which is good news for investors.
Amazing Thai culture
Another reason why so many digital entrepreneurs choose Thailand is the colourful culture and the warm hospitality displayed by the locals. You feel safe in Thailand, no matter where you go, and Thai hospitality is known worldwide. People are friendly and warm to foreigners when they attempt to speak Thai. There are lots of colourful festivals, including the Thai New Year celebration, which is called ‘Songkran’, held on April 13th and runs for 3-4 days. Buddhism is the main religion in Thailand, with 95% of the population following this Eastern religion that promotes well-being.
If you would like to check out Bangkok as a potential destination, start with a short holiday and get the feel of the place. It is very different from any city in Australia, and it enchants most visitors.
